Quote:
Originally Posted by Chamillitary
If I was a company with lots of inventory .... that would be my exact thoughts. I want to move inventory, not have it sit there collecting dust waiting for somebody to slowly pay it off.
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Layaway makes less sense in the 21st century for high tech goods since new models are released yearly, and anything high tech experiences depreciation quickly. It makes more economic sense to save your pennies and buy the whole shebang at once.
For other items like jewelery, clothing, or things long those lines layway makes a fair amount of sense since the value of the goods is reasonably stable.